Morgan Stanley raised the firm’s price target on Republic Services (RSG) to $245 from $230 and keeps an Equal Weight rating on the shares. Strong adjusted EBITDA margin drove a slight EPS beat despite weaker internal revenue growth, while guidance for FY25 was reiterated, the analyst noted. Following a post-earnings model update, the firm notes that its FY25 and FY26 adjusted EBITDA estimates are largely unchanged and it rolled forward its model and marked-to-market its valuation.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RSG:
- Republic Services price target lowered to $257 from $258 at Raymond James
- Republic Services price target raised to $245 from $232 at Baird
- Republic Services price target raised to $268 from $260 at BMO Capital
- Republic Services: Strong Financial Performance and Strategic Growth Justify Buy Rating
- Strong Growth and Margin Expansion Drive Buy Rating for Republic Services